From Commercial Appeal In just a decade, the center of gambling has migrated from Las Vegas to a tiny Chinese territory an hour’s ferry ride from Hong Kong. The gambling mecca of Macau now handles more wagers than all U.S. commercial casinos put together. But as U.S. gambling companies have remade Macau, Macau has also remade them. Amid a soft regulatory climate in America, U.S. gaming companies have been hit with allegations of improper conduct, including allowing Chinese junkets linked to Asian gangs into Las Vegas. Macau is the only place in China where gambling is legal. Each month, 2.5…

From Reuters Gambling revenue in Macau rose 21.1 percent in June year-on-year, buoyed by a steady flow of wealthy mainland gamblers eager to place their bets in the Chinese controlled casino hub. June revenue stood at 28.3 billion patacas ($3.54 billion), according to government data released on Monday. Analysts had forecast June growth in the world’s biggest gambling market, to be up 18-21 percent. Macau is the only place where Chinese people can legally gamble at casinos in the country. Home to half a million people, Macau depends on high spending VIP gamblers, or ‘whales’, who spend 1 million yuan…